{"id":2905,"date":"2017-10-04T13:40:29","date_gmt":"2017-10-04T17:40:29","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2905"},"modified":"2023-11-28T16:21:08","modified_gmt":"2023-11-28T21:21:08","slug":"hamiltonrealestate0917","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamiltonrealestate0917\/","title":{"rendered":"Hamilton Real Estate &#8211; September 2017 &#8211; The sky is not falling&#8230;"},"content":{"rendered":"<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<h2>MORE LISTINGS, FEWER SALES<\/h2>\n<p>PRESS RELEASE \u2013 For immediate release October 4, 2017 (Hamilton, Ontario)<br \/>\nThe REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 2,296 new listings were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in September, which is 17.2 per cent higher than the same month last year and 16.7 per cent higher than the 10-year average.<br \/>\nAll property sales were 23.4 per cent lower than the same month last year, and 13 per cent lower than the 10-year average.<br \/>\n\u201cThe trend to higher numbers of listings and fewer sales through the month has continued,\u201d said RAHB CEO George O\u2019Neill. \u201cThis month\u2019s listings were actually the highest we\u2019ve seen for the month of September. Our sales to new listings ratio is down to the 44 per cent range, which is a big change from the 80 per cent-plus it was earlier this year and the 70 per cent range from last September.\u201d<br \/>\nSeasonally adjusted* sales of residential properties were 18.9 per cent lower than the same month last year, with the average sale price up 8.5 per cent for the month. Seasonally adjusted numbers of new listings were 24.3 per cent higher than September of 2016.<br \/>\n<strong>Seasonally adjusted data for residential properties for the month of September, 2017:<\/strong><br \/>\n<a href=\"https:\/\/steveroblin.com\/2905-2\/hamiltonrealestate0917-1\/\" rel=\"attachment wp-att-2908\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2908\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2017\/10\/HamiltonRealEstate0917-1-1024x227.png\" alt=\"\" width=\"1024\" height=\"227\"><\/a>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\nOverall residential sales of 956 units were 23.8 per cent lower than the same month last year. Residential freehold sales were 24.2 per cent lower than September of 2016 while sales in the condominium market were 22.1 per cent lower than the same month last year.\n<\/div>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\nThe median price of freehold properties increased by 4.7 per cent over the same month last year while the median price for condominium properties increased by 10.2 per cent compared to the same period.<br \/>\nThe average price of freehold properties showed an increase of 7.3 per cent compared to September of last year; the average sale price in the condominium market increased by 7.4 per cent compared to the same period.<br \/>\nAverage sale price is based on the total dollar volume of all properties sold through the RAHB MLS\u00ae System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Contact a REALTOR\u00ae for information about your area or property.<br \/>\nThe average number of days on market increased to 32 days from 23 days in the freehold market and increased to 31 days from 25 days in the condominium market, compared to September of last year. Compared to last month, average days on market decreased from 33 days for freehold properties and increased from 29 days for condominiums.<br \/>\n\u201cListings are up, sales are down, properties are on the market for a longer period, yet the price drop many were expecting has not occurred \u2013 the median and average residential sale prices for the month are still up 7.2 per cent compared to last September,\u201d noted O\u2019Neill.<br \/>\n<strong>The numbers for the month of September 2017 compared to September 2016:<\/strong><br \/>\n<a href=\"https:\/\/steveroblin.com\/2905-2\/hamiltonrealestate0917-2\/\" rel=\"attachment wp-att-2907\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2907\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2017\/10\/HamiltonRealEstate0917-2-1024x524.png\" alt=\"\" width=\"1024\" height=\"524\"><\/a><a href=\"https:\/\/steveroblin.com\/2905-2\/hamiltonrealestate0917-3\/\" rel=\"attachment wp-att-2906\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2906\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2017\/10\/HamiltonRealEstate0917-3-1024x748.png\" alt=\"\" width=\"1024\" height=\"748\"><\/a><\/p>\n<h3><em><strong>***There is a lot going on behind the numbers for a detailed explanation on what these numbers mean and how they relate to your specific real estate question or interest please do not hesitate to reach out to me anytime.<\/strong><\/em><\/h3>\n<\/div>\n<h3><em><strong>Steve***<\/strong><\/em><\/h3>\n<div class=\"column\">&nbsp;<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MORE LISTINGS, FEWER SALES PRESS RELEASE \u2013 For immediate release October 4, 2017 (Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 2,296 new listings were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in September, which is 17.2 per cent higher than the same month last year and 16.7 per cent higher than [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - 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